The 2020 Mid-Year Economic Update_long

Wholesale Prices Fall in August

The Producer Price Index for Finished Goods fell 1.4 percent in August, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported.&nbsp ; &nbsp ; This decrease followed a 0.6-percent increase in July and a 0.2-percent decline in June. &nbsp ; At the earlier stages of processing, prices received by manufacturers of intermediate goods moved down 1.2 percent in August compared with a 0.6-percent advance in July, and the crude goods index dropped 3.0 percent after climbing 1.2 percent in the prior month.


Accounting for most of the downturn in finished goods prices, the index for energy goods fell 6.6 percent in August following a 2.5-percent rise in the prior month. &nbsp ; Prices for consumer foods declined 0.2 percent after inching down 0.1 ...

The Producer Price Index for Finished Goods fell 1.4 percent in August, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported.&nbsp ; &nbsp ; This decrease followed a 0.6-percent increase in July and a 0.2-percent decline in June. &nbsp ; At the earlier stages of processing, prices received by manufacturers of intermediate goods moved down 1.2 percent in August compared with a 0.6-percent advance in July, and the crude goods index dropped 3.0 percent after climbing 1.2 percent in the prior month.

Accounting for most of the downturn in finished goods prices, the index for energy goods fell 6.6 percent in August following a 2.5-percent rise in the prior month. &nbsp ; Prices for consumer foods declined 0.2 percent after inching down 0.1 percent in July. &nbsp ; By contrast, slightly counteracting the downturn in finished goods prices, the index for finished goods other than foods and energy moved up 0.2 percent in August compared with a 0.1-percent increase a month earlier. &nbsp ;

Before seasonal adjustment, the Producer Price Index for Finished Goods decreased 1.4 percent in August to 165.8 (1982 = 100). &nbsp ; From August 2006 to August 2007, finished goods prices advanced 2.2 percent. &nbsp ; Over the same period, the index for finished goods other than foods and energy climbed 2.2 percent, prices for finished consumer foods rose 4.7 percent, and the index for finished energy goods was unchanged. &nbsp ; At the earlier stages of processing, prices received by intermediate goods producers increased 2.4 percent, and the crude goods index moved up 6.9 percent, for the 12 months ended August 2007.

More details by sector&nbsp ; here

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